Technician
Long

EURGBP: Probably Bottomed, Near-term Upside Favored

FX:EURGBP   Euro Fx/British Pound
1177 14 23
-EURGBP completed an inverse head and shoulders bottom
-Bullish engulfing candle breached the neckline of the pattern
-Falling Trend line was taken
-50-days SMA was taken
-Bullish divergence on Momentum

I am looking to long near 0.7990, targeting 0.8080 as an initial upside target, followed by the dynamic target at the falling trend line, with a stop below 0.7915.

Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook             page www.thefxchannel.com
My best regards,
Technician
If you dont want to miss any trade and see all the trades live, fully transparent. No bullshit like some others. Join my FREE channel here https://telegram.me/technician_forex_trades
Hi. How your SL could be 0.8715 in a long position?
Reply
Technician TOP HamedAghajani
2 years ago
oops, a spelling mistake, edited to 0.7915.
+1 Reply
gpuri
2 years ago
EURGBP Bullish Bat Pattern outside Keltner Channels
It also finished a Bullish Bat Pattern as shown in the chart
+1 Reply
Agreed. I was short for some reason, exited today with a small loss
Reply
AdrianRotaru
2 years ago
BUY at 0,7980 ---- my setup
Reply
thanks for analysis Iwish you luck
Reply
DerekUweri71
2 years ago
Hi Technician, I just posted an idea on eurgbp, can you have a look, Thx.
Reply
IGcher
2 years ago
Missed lot of signals here :( My rules says not to enter anymore, but i will definitely follow how this turns to you. Nice share!
+1 Reply
Trading_an_Edge
2 years ago
Bearish Wolfe waves pattern on 4H EUR/GBP


Correction?
+1 Reply
Hi technician what is zoar view on this pair now
Reply
Technician TOP manijeh.kazemi.33
2 years ago
This setup failed. Nothing to suggest now.
Reply
DennySantoso Technician
2 years ago
it's a Cypher Pattern completed at Target 1
+1 Reply
Mirandole
2 years ago
Hi Technician !

I see a nice decision point zone now.
How do you think for next days ?

Best Regards,
Serge
Reply
Technician TOP Mirandole
2 years ago
Hello buddy, i dont have a trade-able setup on the pair now.. But watch for 0.8080-0.8100 resistance. A pin bar at this are may increase the chances of a bearish resumption trade. Alternatively if we break high, i would look for long setups
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out